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Tuesday, 29 November 2011

image for Sovereign debt crisis: the Queen's horse racing losses revealed
Betting has been her downfall as horse after horse failed to win the Derby

London - Queens called 'Elizabeth' have a tragic track record of running up huge horse racing debts Parliament was told today.

But Government 'shorthand' for the country's economic mess may be hiding the true extent of Queen Elizabeth II's gambling losses a report will reveal later this afternoon.

The problem came to a head in June this year when huge confidence in royal Derby also-ran Carlton House saw HM lose a packet on flat racing's Blue Riband.

She now owes more than the Old Queen Mother whose own £4 million C***ts Bank overdraft hid more than a billion pounds of illegal mortgages raised fraudulently on Crown Estate property.

The Queen Mother died bankrupt, addicted to booze and determined to prove that 'stress' killed King George VI - a heavy cigarette smoker whose 80-a-day habit triggered lung cancer, coronary heart disease, multiple strokes and dementia.

Prince Philip's own overdraft debt crisis is also shrouded in 'Greek bailout' secrecy following reckless speculation in Falkland Islands' oil.

Former royal jockey Willie Carson turned 69 on 16 November this year.

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